Question: This section deals with certain general background considerations and information related to the FASC and the answers can be found by clicking the About the

This section deals with certain general background considerations and information related to the FASC and the answers can be found by clicking the "About the Codification" and "Notice to Constituents" sections on the FASC Welcome Page. This section is a good general source of information about the FASC and should be reviewed prior to starting to answer the specific questions set forth in all sections. The related research questions that you must answer are:
For each question, (1) provide the citation number (topic and subtopic) that addresses the question and (2) answer the question. Document this under the question.
(a) When did the FASC Codification become effective?
(b) Did the FASC change prior GAAP?
(c) What are the "topics" used in the ASC?
(d) Are Securities and Exchange Commission (SEC) references included in the ASC?

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a In the year 2008 December the FASB publicly was announced And on July 1 2009 as the date on which the Codification was expected to go live b No FASC does not change prior GAAP but it introduces a ne... View full answer

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